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April can be stressful; running around gathering up 2018 receipts, statements and T-slips in order to file your tax return on time. Therefore, I thought I would do something a little different this week and give you some ideas on…
With tax season in full swing; there are always lots of questions around investment income and how to report it, here are some frequently asked questions on Capital Gains: What is a capital gain (or loss) on an investment?…
Not sure if you are financially stable enough to retire? If you can check off most of the following items chances are you’re ready. Your home is paid for. Most people live on a reduced fixed-income during retirement, so…
Earlier this week the federal government tabled its budget; here are a few highlights: Home Buyers Plan (HBP) – Currently the HBP allows first-time homebuyers to withdraw $25000 tax free from their RRSP to purchase or build a home. The…
One of my favourite saying is: If it wasn’t for the last minute some things would never get done. Many Canadians obviously feel the same way about filing their tax returns, often leaving it to a last minute just before…
If you are one of the lucky ones who will be escaping this crazy winter and traveling south to a sunny warm destination; remember to include travel medical insurance as part of your planning process. Our provincial medical plans only…
Midnight tonight (Friday March 1st) is the deadline to invest in your RRSP to receive a tax deduction for your 2018 tax return. Many people are still confused as to where to invest their savings; an RRSP or TFSA? In…
When people think of Life insurance they normally associate it with providing the financial support your family will need if you are no longer around to take care of them. However, life insurance can also help you and/or estate preserve…
Let’s suppose you invest on a monthly basis into your RRSP, say $250 per month to total $3000 at the end of the year. If you have additional unused contribution room; you can boost your contribution with a short-term RRSP…
Everyone knows how to win. Few know how to lose. Yet the secret to making money in the various markets is knowing how to lose and how to control your losses. In the book Warren Buffet calls the best book…